$MON Analysis:
$MON broke down from the Falling Wedge Breakout and printed a weak corrective retest into $0.03193 - $0.03238. Sellers are aggressively capping any upside, indicating distribution from larger market participants.
Open Interest is crowding at $23.18M while funding sits at -0.0013%, pointing to buyer fatigue at resistance and high risk of a rapid corrective flush.
🎯 Entry: $0.03180 (Zone: $0.03193 - $0.03238)
🏆 Targets: TP1 $0.0045999 | TP2 $-0.0062314 | TP3 $-0.0213952
🛑 Invalidation: 12H candle close above $0.03276
$MON broke down from the Falling Wedge Breakout and printed a weak corrective retest into $0.03193 - $0.03238. Sellers are aggressively capping any upside, indicating distribution from larger market participants.
Open Interest is crowding at $23.18M while funding sits at -0.0013%, pointing to buyer fatigue at resistance and high risk of a rapid corrective flush.
🎯 Entry: $0.03180 (Zone: $0.03193 - $0.03238)
🏆 Targets: TP1 $0.0045999 | TP2 $-0.0062314 | TP3 $-0.0213952
🛑 Invalidation: 12H candle close above $0.03276
